Sonic | 2470 Shorter Ave NW
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Sonic 2470 Shorter Ave NW
1,566 SF Retail Building Rome, GA 30165 £1,276,473 (£815/SF) 6.75% Net Initial Yield
Investment Highlights
- Annual Rental Increases | 1.50% Annual Rental Increases
- Long Term Lease | Approximately 18 Years Remaining on the Initial Lease Term
- Absolute Triple Net (NNN) Lease | Zero Landlord Responsibilities
- Dense Retail Corridor Walmart, Lowe's, Chick-fil-A, KFC, Applebee's, Outback Steakhouse, Home Depot, Taco Bell, TJ Maxx, IHop, Moe's, & Olive Garden
Executive Summary
NNN Pro is pleased to present the exclusive listing for a Sonic Drive-In
located at 2470 Shorter Ave, Rome, GA 30165. The site consists of roughly
1,566 rentable square feet of building space on an estimated 0.58-acre
parcel of land. This Sonic Drive-In is subject to a 20-year Triple Net (NNN)
lease, which commenced 5/23/2022. The current annual rent is $109,204
and has scheduled increases of 1.50% Annually
located at 2470 Shorter Ave, Rome, GA 30165. The site consists of roughly
1,566 rentable square feet of building space on an estimated 0.58-acre
parcel of land. This Sonic Drive-In is subject to a 20-year Triple Net (NNN)
lease, which commenced 5/23/2022. The current annual rent is $109,204
and has scheduled increases of 1.50% Annually
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,566 SF
Year Built/Renovated
1994/2020
Price
£1,276,473
Price Per SF
£815
Net Initial Yield
6.75%
NOI
£86,162
Tenancy
Single
Number of Floors
1
Building FAR
0.06
Land Acres
0.58 AC
Zoning
C-C - Commercial retail central
Frontage
338 ft on Shorter Avenue Northwest
Amenities
- Drive Thru
PROPERTY TAXES
| Parcel Number | H13X-216 | Improvements Assessment | £351,632 |
| Land Assessment | £81,160 | Total Assessment | £432,793 |
PROPERTY TAXES
Parcel Number
H13X-216
Land Assessment
£81,160
Improvements Assessment
£351,632
Total Assessment
£432,793
-
Power Broker Glen Kunofsky -
Richard Nardi -
NNN Pro Group
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Sonic | 2470 Shorter Ave NW
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